Nomura Asset Management Co. Ltd. Buys 8,970 Shares of Roblox Co. (NYSE:RBLX)

Nomura Asset Management Co. Ltd. lifted its stake in shares of Roblox Co. (NYSE:RBLX) by 7.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 130,750 shares of the company’s stock after acquiring an additional 8,970 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Roblox were worth $5,787,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in Roblox during the third quarter worth approximately $27,000. Frazier Financial Advisors LLC grew its stake in Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after buying an additional 624 shares during the last quarter. PARK CIRCLE Co bought a new position in Roblox in the 2nd quarter worth $30,000. Strategic Financial Concepts LLC acquired a new position in Roblox during the 2nd quarter worth $33,000. Finally, Gilliland Jeter Wealth Management LLC boosted its holdings in Roblox by 102.4% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after acquiring an additional 506 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on RBLX shares. The Goldman Sachs Group raised their target price on Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 1st. BMO Capital Markets restated an “outperform” rating and issued a $62.00 price objective (up previously from $56.00) on shares of Roblox in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Benchmark raised their price target on shares of Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Macquarie upped their price objective on shares of Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.67.

Roblox Trading Down 0.5 %

Shares of Roblox stock opened at $59.61 on Friday. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $61.05. The company has a 50-day simple moving average of $48.52 and a 200 day simple moving average of $42.97. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The company had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. Roblox’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.45) earnings per share. Analysts predict that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 333,334 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $57.31, for a total value of $19,103,371.54. Following the completion of the transaction, the chief executive officer now directly owns 129,295 shares of the company’s stock, valued at approximately $7,409,896.45. The trade was a 72.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Reinstra sold 17,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $45.58, for a total transaction of $774,860.00. Following the sale, the insider now directly owns 327,009 shares in the company, valued at $14,905,070.22. This trade represents a 4.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,412,379 shares of company stock valued at $71,728,919. 22.15% of the stock is currently owned by corporate insiders.

Roblox Company Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.